GMS Leadership

For our September edition of the Green Briefing, we focus on the importance of ship-specific risk assessments that help ensuring safety during ship recycling. Each vessel presents unique risks, from structural hazards to toxic materials, and requires tailored safety strategies. The SSORP team, lead by Dr. Anand Hiremath, is dedicated to minimizing defined risks through targeted training and best practices. Please find more details below.   #ShipRecycling #RiskAssessment #WorkerSafety #GreenBriefings

We are honored to announce that GMS has been recognized with the Excellence in Sustainable Practices award at the 20th ShipTek International Awards 2024. The team is lead by Dr. Anand Hiremath, Chief Sustainability Officer, at GMS   This award acknowledges our commitment to leading sustainable initiatives within the maritime industry. At GMS, we prioritize environmental responsibility, focusing on reducing carbon footprints, enhancing resource efficiency, and driving long-term sustainability.   We extend our sincere gratitude to the ShipTek Awards Jury for this recognition, and we thank our dedicated team and partners for their unwavering support in helping us achieve this milestone.   #ShipRecycling #Sustainability #Maritime #ShipTekAwards2024 #SSORP

Today, at the ShipTek Conference, Dr. Anand Hiremath, Chief Sustainability Officer at GMS Leadership, highlighted the importance of sustainable ship recycling practices in the maritime industry, emphasizing the need for conducting Life Cycle Assessments (LCA) for alternative fuels and underscored the significance of incorporating the end-of-life phase during the design of ships using these fuels. This ensures that vessels are not only energy efficient but also safe and environmentally friendly to recycle. His insights reflected a growing focus on creating a sustainable future for the shipping industry. #Sustainability #ShipRecycling #AlternativeFuels #CircularEconomy #MaritimeNetwork

Tanker Ship Recycling: Best Practices and Safety Measures!   Since the global fleet of aging tanker ships is growing, safe and sustainable recycling is becoming more important than ever. In the first issue from the ongoing series, we explore: - Preparing tanker ships for sustainable recycling - Cargo tank cleaning procedures for Gas Free for Hot Work (GFHW) compliance - Safety protocols to protect workers and stakeholders in the ship recycling industry   GMS Tanker Expert, Kiran Thorat, shares key insights aimed at raising awareness and promoting safer practices across the sector.   Read the full article to learn more: https://lnkd.in/gmB6Xtuk If you find this useful, please comment, like, and share. #ShipRecycling #Sustainability #TankerShips #SafetyMeasures #MaritimeIndustry #GMSLeadership

#ShipRecycling Market - Week 39 - KA BOOM! This week, despite the escalating tensions in the Middle East and the subsequent global concerns, the ship recycling market showed some signs of positive movement. India led the market with several bulker sales due to rising local steel prices, better access to financing, and stable demand. Bangladesh, though facing political instability and severe flooding, is starting to show signs of recovery after a difficult few months. In contrast, Pakistan continues to lag far behind its regional competitors. Meanwhile, Turkey reported an accident at a local yard. While the geopolitical tensions have not yet resulted in a surge of tonnage to recycling markets or drastic price increases, India’s improving conditions have stirred renewed optimism in the sector. The future of pricing trends across the entire market remains uncertain amidst the ongoing instability in the region. Subscribe to #GMSWeekly for the latest market updates: https://bit.ly/GMS-Weekly or Download the GMS app to read the complete report: http://onelink.to/gms-app #Maritimenews #Maritime #Shipping #Demolition #Offshoredrilling

In 2023, recycled steel produced from Alang's ship recycling yards saved enough CO₂ emissions to equal turning off 2.9 billion LED bulbs for a year! By recycling steel from end-of-life ships, we are not only giving new life to valuable materials but also significantly reducing greenhouse gas emissions. Producing steel from recycled materials uses less energy compared to making new steel from iron ore, leading to substantial CO₂ savings. #Alang #ShipRecycling #SteelRecycling #Sustainability #Decarbonization

#ShipRecycling Market - Week 38 - POWDER KEG! Global ship recycling markets are currently facing significant challenges due to fluctuating steel plate prices in India and Pakistan, driven by the recent 30% tariffs on imports from China and unstable currency rates, particularly in Bangladesh. Vessel offers have plummeted by over $90/ton since early 2023, with prices falling below $500/LDT, even for favored containers. While MSC's India-focused policy briefly increased tonnage at Alang, recyclers across the subcontinent remain hesitant due to ongoing economic instability. Shipowners are refraining from selling vessels at current low prices, and despite signs that the market may have bottomed out, uncertainty prevails. Subscribe to #GMSWeekly for the latest market updates: https://bit.ly/GMS-Weekly or Download the GMS app to read the complete report: http://onelink.to/gms-app #Maritimenews #Maritime #Shipping #Demolition #Offshoredrilling

#ShipRecycling Market - Week 37 - AT WAR! The global ship recycling market is grappling with severe challenges as political tensions and economic instability mount. With escalating conflicts across the Middle East, Ukraine, and rising tensions in Asia, financial markets remain volatile, and this is impacting the recycling industry heading into Q4 2024. Local currencies in the Indian subcontinent and Turkey saw slight stabilization as the U.S. Dollar dipped, possibly due to anticipated interest rate reductions by the U.S. Federal Reserve. However, this was overshadowed by sharp declines in steel plate prices in India, Pakistan, and Turkey, which had been the primary drivers keeping recycling markets afloat. Recyclers in Gadani, Pakistan, remain non-competitive, while Bangladesh operates with unpredictable pricing. Meanwhile, Turkish steel prices have plummeted, undermining the fragile stability recyclers had relied on. The global availability of vessels for recycling is also severely limited, driven by the ongoing political and military crises around the world, which has left the market in limbo. With declining prices and uncertain fundamentals, many recyclers are choosing to pause and wait for stability before making any offers, leaving the ship recycling market at a near standstill. Subscribe to #GMSWeekly for the latest market updates: http://bit.ly/39LAUx1 or Download the GMS app to read the complete report: http://onelink.to/gms-app #Maritimenews #Maritime #Shipping #Demolition #Offshoredrilling

When the Hong Kong Convention comes into force, the maritime industry will accelerate its move toward greener ship recycling. This shift will not only reduce carbon emissions but also support circular economies by transforming end-of-life ships into valuable resources. Read the latest article from Seatrade Maritime, featuring comments from our senior trader, Henning Prinzen: https://lnkd.in/gBWGzRHA #Sustainability #ShipRecycling #GreenShipping #EmissionControl #CircularEconomy

August 2024 Green Briefing: Preventive Maintenance in Non-Operational Periods! With many ship recycling yards currently non-operational, it’s more important than ever to maintain safety and readiness. Our latest Green Briefing highlights the critical need for preventive maintenance during downtime, focusing on preserving equipment, ensuring operational readiness, and enhancing long-term cost efficiency. Learn key strategies from the experts at SSORP that will help ship recycling yards stay in top condition and meet safety standards when operations resume. #Sustainability #ShipRecycling #PreventiveMaintenance #SafetyFirst